Common use of Delivery of the Purchase Price Clause in Contracts

Delivery of the Purchase Price. Upon execution of this Agreement, the Company is hereby bound to fulfill its obligations hereunder and Subscriber hereby irrevocably commits to deliver either into a trust account at a financial institution to be chosen by the Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee, or into an escrow account maintained by Ellenoff Xxxxxxxx & Schole LLP, immediately prior to the Closing Date (as defined below), the Purchase Price in immediately available funds by wire transfer or such other form of payment as shall be acceptable to the Trustee, in its sole and absolute discretion, one (1) business day prior to the Closing (as defined below).

Appears in 6 contracts

Samples: Third Amended and Restated Unit Subscription Agreement (Chart Acquisition Corp.), Third Amended and Restated Unit Subscription Agreement (Chart Acquisition Corp.), Second Amended and Restated Unit Subscription Agreement (Chart Acquisition Corp.)

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Delivery of the Purchase Price. Upon execution of this Agreement, the Company is hereby bound to fulfill its obligations hereunder and Subscriber Sponsor hereby irrevocably commits to deliver either into a trust account at a financial institution to be chosen by the Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee, or into an escrow account maintained by Ellenoff Xxxxxxxx & Schole LLP, immediately prior to the Closing Date (as defined below), the Purchase Price in immediately available funds by wire transfer or such other form of payment as shall be acceptable to the Trustee, in its sole and absolute discretion, one (1) business day prior to the Closing (as defined below).

Appears in 3 contracts

Samples: Third Amended and Restated Unit Subscription Agreement (Chart Acquisition Corp.), Second Amended and Restated Unit Subscription Agreement (Chart Acquisition Corp.), Amended and Restated Unit Subscription Agreement (Chart Acquisition Corp.)

Delivery of the Purchase Price. Upon execution of this Agreement, the Company is hereby bound to fulfill its obligations hereunder and Subscriber hereby irrevocably commits to deliver either into a trust account at a financial institution to be chosen by the Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee, or into an escrow account maintained by Ellenoff Xxxxxxxx Gxxxxxxx & Schole LLP, immediately prior to the Closing Date (as defined below), the Purchase Price in immediately available funds by wire transfer or such other form of payment as shall be acceptable to the Trustee, in its sole and absolute discretion, one (1) business day prior to the Closing (as defined below).

Appears in 1 contract

Samples: Amended and Restated Unit Subscription Agreement (Chart Acquisition Corp.)

Delivery of the Purchase Price. Upon execution of this Agreement, the Company is undersigned are hereby bound to fulfill its their obligations hereunder and Subscriber hereby irrevocably commits to deliver either into a trust account at a financial institution to be chosen by the Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee, or into an escrow account maintained by Ellenoff Xxxxxxxx & Schole LLP, immediately prior to the Closing Date (as defined below), the Purchase Price in immediately available funds by wire transfer or such other form of payment as shall be acceptable to the Trustee, in its sole and absolute discretion, one (1) business day prior to the Closing (as defined below).

Appears in 1 contract

Samples: Unit Subscription Agreement (Chart Acquisition Corp.)

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Delivery of the Purchase Price. Upon execution of this Agreement, the Company is undersigned are hereby bound to fulfill its their obligations hereunder and Subscriber Sponsor hereby irrevocably commits to deliver either into a trust account at a financial institution to be chosen by the Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee, or into an escrow account maintained by Ellenoff Xxxxxxxx & Schole LLP, immediately prior to the Closing Date (as defined below), the Purchase Price in immediately available funds by wire transfer or such other form of payment as shall be acceptable to the Trustee, in its sole and absolute discretion, one (1) business day prior to the Closing (as defined below).

Appears in 1 contract

Samples: Unit Subscription Agreement (Chart Acquisition Corp.)

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